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NEW YORK - Marex Group plc (NASDAQ:MRX) reported better-than-expected first quarter results on Thursday, as strong client activity drove revenue growth across all business segments.
The financial services firm’s shares rose 1.64% in pre-market trading following the earnings release.
Marex posted adjusted earnings per share of $0.91 for Q1, surpassing analyst estimates of $0.77. Revenue jumped 28% year-over-year to $467.3 million, also beating the consensus forecast of $428.46 million.
The company saw robust growth across its business units, with Agency and Execution revenue surging 42% to $239.5 million. This was driven by increased Securities revenues and continued expansion of Prime Services.
"Robust levels of client activity across our businesses and positive market conditions led to a strong performance in the first quarter of the year," said CEO Ian Lowitt. He noted that adjusted profit before tax grew 42% YoY to $96.3 million.
Marex maintained a strong capital position, with its total capital ratio improving to 243% from 234% at the end of 2024. The company declared a quarterly dividend of $0.15 per share.
Looking ahead, Lowitt said Marex experienced some very high-volume trading days in early April, which it processed successfully. He added that the company remains focused on expanding its geographic footprint and product capabilities to drive further growth.
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